Pathward Financial, a leading financial holding company, has announced the appointment of Greg Sigrist as their new Chief Financial Officer (CFO), replacing Glen Herrick. Sigrist will be joining the company on November 1st, taking on the role of Executive Vice President and CFO-designee. He will officially assume the position of CFO immediately after the filing of Pathward’s form 10-K for the fiscal year ending September 30th.
With an impressive background in finance, Sigrist brings a wealth of expertise to his new role. Aged 56, he previously held a prominent position at Metropolitan Bank Holding before being selected for this important position at Pathward Financial.
As part of his remuneration package, Sigrist will receive an initial annual salary of $500,000, in addition to an annual cash bonus tied to a target of 85% of his base pay.
Glen Herrick, the outgoing CFO, will continue to support Pathward Financial during the transition period and will be involved in other important projects until his retirement on December 31st.
Metropolitan Bank Holding has already begun searching for a suitable successor to fill the position left vacant by Sigrist’s departure. The hunt for a new executive is underway, aiming to identify a qualified individual who can seamlessly take over Sigrist’s responsibilities.